HomeMy WebLinkAbout18976 - RESOLUTIONS - 2/19/1997 RESOLUTION 110. 18976
OF THE CITY COUNCIL OF THE CITY OF PALM
SPRINGS, CALIFORNIA, AMENDING THE BUDGET FOR
THE 1996-97 FISI_AL !fi'sAR.
WHEREAS Resolution 18840, approving the budget for the fiscal year.
1,996-97 was adopted on June 19„ 1996; and
WHEREAS the City Manac;er. has recommended, and the City Council '
desires to approve, certain amendments to said budget;
NOW THEREFORE BE IT RESOLVED that the Director of Finance is
authorized to record inter-fund cash transfers as required in
accordance with this Resolution, and that Resolution 18840,
adopting the budget for the 1996--97 fiscal year is hereby amended
as follows:
SECTION 1. ADDITIONS
FUND Activity Account Amount
No. 111 306 Transfers Out $127 , 000
304 Transfer In $275, 000
Title:
General Fund 118 Notes Receivable $370, 000
Purpose: To disappropriate funds due to cash flow savings generated by
the combination and refinancing of the Police nlclg/Cogen Plant and Gol
Course bond issues, and to show the equivalent effect on the General Fund
SECTION 2 . SOURCE Reduced debt service costs in the current year
FUND Activity Account _ Amount
No.
157E-Debt Service 0509 Police :Bldg. 4651-Principal $127 , 000
366-Energy 0807•-Muni. Cogen 4653-Leases $275,000
Title:
343-Golf course 0756-•Expansion 4652-Interest $870, 000
Adopted this 19th day of February 1997 . ,
AYES: Mernbers Barnes, FIodges, Oden, Spurgin and Mayor Kleindienst
NOES: None
ABSENT, None
ATTEST: CIT3C OF PALM '>P N S CALIFORNIA i
City Clerk City
REVIEWED AND APPROVED AS TO FORM